Connect with us

Published

on

ICVCM Reveals First High-Integrity CCP-Approved Carbon Credits Worth 27M

The Integrity Council for the Voluntary Carbon Market (ICVCM) has announced its approval of the first carbon-crediting methodologies meeting its stringent Core Carbon Principles (CCPs). 

In the latest round of assessments, seven methodologies were approved, enabling the high-integrity CCP label to be applied to about 27 million carbon credits. These credits are associated with projects that mitigate potent greenhouse gases, such as methane from landfill sites.

Currently, an additional 27 categories of carbon credits, which represent over 50% of the market, are under active assessment. This includes methodologies related to landfill gas and ODS, covering an estimated 76 million and 4 million credits, respectively. Ozone-depleting substances (ODS) are from discarded equipment like refrigerators and air conditioners.

Ongoing assessments also include popular carbon credit types, including:

  • REDD+ (Reducing Emissions from Deforestation and Forest Degradation),
  • Jurisdictional REDD (JREDD), and
  • Clean cookstoves, with results expected in the coming months.

ICVCM’s Continuous Progress in Carbon Credit Integrity

The ICVCM’s announcement of assessment decisions is a continuous process, influenced by factors such as information availability, start times, and expert availability. This staggered approach does not reflect the relative integrity of different methodologies.

ICVCM Carbon Credit Program Assessment Process for CCP label
Note: the page where the application is published: https://icvcm.org/assessment-status/

Annette Nazareth, Chair of the ICVCM, emphasized the importance of the CCP label in helping buyers identify high-integrity carbon credits. She highlighted that the approved credits come from projects capturing potent GHG, which are crucial for immediate climate mitigation. She also particularly noted that:

“This is just the beginning. We will be announcing further categories eligible for CCP-labels that meet our criteria as we continue our careful and thorough evaluation of the submitted crediting methodologies and properly consider complex issues with our expert stakeholders…”

Governments increasingly recognize the role of a high-integrity VCM in scaling up private sector finance for quality emission reduction and carbon removal projects.

The U.S. Government recently published principles for high-integrity carbon credits, aligning closely with the CCPs. Learn more about the major points of the Biden administration’s VCM policy guidelines here. 

Strengthening Trust in the VCM With “Two-Tick” Process

Under the ICVCM’s “two-tick” process, carbon credits receive the CCP label only if both the carbon-crediting program and the methodologies used are CCP-Approved. Programs like ACR, Climate Action Reserve (CAR), Gold Standard, and Verra (VCS) are CCP-Eligible, allowing them to apply the CCP label to credits from approved methodologies.

The CCP-approved status of credits will be displayed in program registries, and marketplaces are expected to bundle CCP-labelled credits for sale within the year. The CCPs set a global benchmark for high-integrity carbon credits, ensuring trust in the voluntary carbon market. They also help the market maximize its potential in combating carbon emissions. 

The CCP label guarantees that credits represent genuine emissions reductions or removals, with robust social and environmental safeguards and positive sustainable development impacts.

The ICVCM’s work is complemented by VCMI’s efforts to ensure integrity in carbon credit use. VCMI’s Claims Code of Practice provides guidance for credible net zero claims supported by CCP-Approved carbon credits.

In a joint statement on the U.S. Government’s principles, climate leaders Michael Bloomberg, Mark Carney, and Mary Schapiro urged governments to adopt common integrity standards, leveraging the ICVCM’s supply-side standards and labeling.

The Approved Carbon Credit Methodologies

The ICVCM has approved versions of three methodologies for ODS projects. This covers an estimated 12 million carbon credits, and four methodologies for landfill gas (LFG) projects, covering around 15 million credits. These methodologies include:

  • ACR’s Destruction of ODS from International Sources version 1.0
  • CAR’s Article 5 Ozone Depleting Substances Project Protocol versions 1-2
  • CAR’s U.S. Ozone Depleting Substances Project Protocol versions 1-2
  • ACM0001 – Flaring or use of Landfill Gas versions 15-19 (used by Verra and Gold Standard)
  • AMS iii G – Landfill Methane Recovery version 10 (used by Verra and Gold Standard)
  • ACR’s Landfill Gas Destruction and Beneficial Use Projects version 1-2
  • CAR’s US Landfill Protocol version 6

Amy Merrill, ICVCM’s Interim COO, stated that many methodologies under assessment might not meet the CCP criteria and could be rejected. The ICVCM’s assessment process allows programs to submit additional information or request hearings if methodologies are at risk of rejection.

Pedro Martins Barata, ICVCM Expert Panel, noted that the initial assessments raised complex issues requiring detailed expert discussions. The ICVCM aims for continuous improvement, helping programs evolve methodologies based on assessment observations.

Carbon credits using CCP-Approved methodologies must ensure genuine emissions impact, permanence, rigorous measurement, and independent verification. Reductions and removals must be additional, support the net zero transition, and avoid locking in fossil fuel emissions.

  • The ICVCM has approved five programs with a 98% market share as CCP-Eligible: ACR, ART, CAR, Gold Standard, and VCS by Verra. 

Other programs like Isometric, Puro.earth, and Social Carbon are still being assessed. The ICVCM’s assessments will continue through the year, with decisions announced monthly.

The ICVCM’s approach is modeled on financial regulators, ensuring programs adhere to rules and correctly tag credits with CCP labels. The ICVCM will audit programs, perform spot checks, and address complaints, with the authority to terminate eligibility if necessary. Continuous improvement work programs will enhance the Assessment Framework, adapting to new scientific and market developments.

The post ICVCM Reveals First CCP-Approved Carbon Credits Worth 27M appeared first on Carbon Credits.

Continue Reading

Carbon Footprint

The Strategic Case for Nature-Based Carbon Investments

Published

on

Nature-based carbon investments deserve consideration when they address a specific business dependency and produce outcomes you can measure. Imagine Moonbucks, a global coffee roaster planning next season’s espresso blend. It is considering natural Grade 4 coffee from Jimma, in southwestern Oromia, Ethiopia. Its sourcing decisions affect the roasting schedule and the cash tied up in coffee purchases. Moonbucks needs to understand which measures could protect that supply, what they would cost and how it would judge the results.

1. Define the sourcing problem before choosing a project

Moonbucks needs a dependable component for its espresso blend. Its procurement team wants continuity of volume and an agreed cup profile. Replacing a shipment at short notice could require new sample approval and changes to the blend, and given the schedules for cultivation, processing, and freight delivery, is practically impossible. Moonbucks needs to get this right, and its initial concern is inconsistent deliveries. It commissions an assessment of the supplying farms and post-harvest chain. The questions cover land condition, harvest availability and whether drying or storage problems are affecting saleable lots.

This distinction changes the investment brief. A tree-planting proposal cannot be assumed to fix drying problems. Better storage cannot restore eroded land. The team must establish which problem exists before selecting the response.

CCC’s guide to finding nature-based solutions in your supply chain explains where to look. Here, the next task is to turn a broad concern into a testable proposal.

2. Develop nature-based carbon investments around the actual supply chain

The assessment would trace Moonbucks’ purchases back through the exporter and supplying producer groups. Which farms supply the contracted lots? Who controls land-management decisions? How long does the buyer expect to maintain the purchasing relationship?

Furthermore, Jimma natural Grade 4 cannot be treated as interchangeable with every Ethiopian coffee. Moonbucks would need to test any substitute against its own blend and quality requirements.

Suppose Moonbucks’ assessment identifies an opportunity to maintain shade trees and restore vegetation along exposed streambanks. The IPCC describes agroforestry as a way to store carbon in vegetation and soil, with potential benefits for erosion control and water quality.1 Moonbucks would need local advice on species, growing conditions and maintenance before deciding how these measures fit its sourcing plan.

The proposal now has a defined sourcing connection and a candidate intervention. The next steps are to test its effect on production, assess carbon eligibility and build the financial case.

3. Compare the proposal with other ways to protect supply

WBCSD’s Nature-based Solutions Blueprint recommends comparing nature-based options with other responses across their benefits and costs.2 For Moonbucks, that means evaluating the landscape proposal alongside drying improvements, storage controls and alternative sourcing arrangements.

The product’s natural-process designation matters. Moonbucks should examine the drying and dry-milling chain alongside land conditions. Its team would check storage practices, contamination risks and incoming-lot quality to see whether problems arise before or after the coffee leaves the farms.

The revised proposal might combine land stewardship with separate post-harvest controls. Each component needs its own purpose and budget. A sustainability label should not obscure which activity is expected to solve which problem.

The project develops as the evidence improves. Its scope should follow the diagnosis rather than preserve the first idea unchanged.

4. Establish what the carbon outcome could count toward

Moonbucks’ sustainability team now tests the proposed carbon case separately from the sourcing case. Is the objective a measurable change in Moonbucks’ value-chain emissions, verified credits for separate voluntary use, or distinct outcomes under carefully defined arrangements?

Scope 3 covers value-chain emissions. A purchasing relationship alone does not prove that a farm intervention can be included in Moonbucks’ inventory. The team needs an applicable accounting method, defensible boundaries and evidence supporting attribution.

SBTi’s FLAG Guidance (forest, land and agriculture), version 1.2, says purchased credits used as offsets cannot meet near-term FLAG or energy and industry targets. Eligible land-based removals are subject to accounting requirements.3 Moonbucks needs to test its proposal against those rules before including an outcome in its targets.

For Moonbucks’ Jimma proposal, maintaining existing trees and establishing new vegetation could involve different carbon questions. Specialists must examine the baseline and additionality, meaning what changes because the project proceeds. They must also assess measurement and the risk that stored carbon is lost. CCC’s MRV and additionality article introduces those tests.

Until that work is complete, Moonbucks should not budget an assumed Scope 3 reduction or credit-sale receipt. Direct emissions reductions remain the priority.

5. Build a financial case that survives weaker assumptions

Moonbucks’ finance team would now build a multi-year budget. UNEP’s State of Finance for Nature 2023 compares current finance with the investment needed to meet climate, biodiversity and land-restoration goals.4 The company would cost its proposed activities, farmer participation and ongoing monitoring. Verification, where required, is a separate expense. Maintenance and responsibility for replacing failed plantings must remain visible after the initial establishment budget ends.

Operational benefits need equally careful treatment. If fewer rejected lots reduce emergency purchasing, count that saving once. Do not add “supply resilience” as another financial benefit when it represents the same avoided cost.

Moonbucks should compare a base case with slower benefits, higher implementation costs and no carbon revenue. It should also distinguish production outcomes from quality and shipment outcomes. A single good harvest would not prove that the landscape intervention caused better delivery performance.

A project can remain worth funding even when its carbon case needs more work. That decision must rest on the operational evidence and the company’s objectives, without unsupported environmental claims.

6. Fund a pilot with a clear expansion decision

Moonbucks’ first approval would fund a bounded pilot, rather than commit the entire sourcing program. Before spending, Moonbucks would agree on participating farms, responsibilities and the evidence needed at review.

Its scorecard could track farmer participation, implementation costs and plant survival, alongside accepted coffee volumes and lot-quality results. Carbon measurements would follow the selected method. Farm-level traceability must connect the intervention to the actual sourcing relationship.

Suppose Moonbucks’ review later finds that storage changes explain most quality improvements, while the land measures need longer observation. Those findings would shape the next decision: expand the proven component, adjust the landscape work or pause further spending. They would not justify crediting all improvements to tree planting.

This gives nature-based carbon investments a practical place in a multi-year strategy. Funding increases as the evidence supports it, and the project can change direction before a larger commitment.

Discuss a sourcing opportunity with CCC

Carbon Credit Capital’s nature-based supply-chain investment service uses its Dual-Value Model to examine supply-chain economics alongside potential sustainability outcomes.

Schedule a consultation to discuss your sourcing exposure and the questions to resolve before allocating capital.

Sources

  1. Intergovernmental Panel on Climate Change (IPCC), Climate Change 2022: Mitigation of Climate Change, Chapter 7, Agriculture, Forestry and Other Land Uses, section 7.4.3.3 (Agroforestry).
  2. World Business Council for Sustainable Development (WBCSD), Nature-based Solutions Blueprint, 5 June 2024.
  3. Science Based Targets initiative (SBTi), Forest, Land and Agriculture Science-Based Target-Setting Guidance, version 1.2, March 2026, section 3.1.4, pp. 37–38.
  4. United Nations Environment Programme (UNEP), State of Finance for Nature 2023, 2023.
Continue Reading

Carbon Footprint

How to buy plastic credits, and what to check before you do

Published

on

A plastic credit funds the collection of plastic waste in places where no formal system exists to collect it. Each credit represents a measured, independently audited quantity of plastic taken out of the environment or returned to use, tracked on a public registry.

Continue Reading

Carbon Footprint

EU carbon credit claims after 27 September 2026

Published

on

EU carbon credit claims changed on 27 September 2026, the day the Directive (EU) 2024/825 began to apply across the European Union. The change is narrow. It changes how a company can talk about the credits it buys. A product can no longer be called neutral on the strength of compensation alone; however, every specific, evidenced statement about what a company measured, reduced, and funded stays fully available.

Continue Reading

Trending